Mortgage Rates January 24, 2018

Mortgage rates for January 24, 2018 should start off the day at similar levels seen seen earlier in the week as the bond market struggles against a wave of selling pressure.  Like earlier in the week the 10y yield continues to trade above the 2.60% level (at the bond market open the 10y yield was at the 2.66% level). This morning we have the mortgage interest rateMBA mortgage purchase applications, MBA mortgage refinance applications, Home prices, Home sales, Oil and a 5yr auction.  On Thursday we have weekly unemployment claims, new home sales, and a 7yr auction.  On Friday we have the advance GDP report, Durable Goods and non-defense reports.  As reported earlier in the week; the government shutdown is over….for now.

Currently we’re seeing 30 year fixed mortgage rates below 4.375%, 20 year fixed mortgage rates below 4.25% and 15 year fixed rates below 3.875%.  Mortgage rates for some “A” level borrowers (high credit score, low loan to home value ratio, low debt to income ratio and no cash out) are as low as 4.00% on the 30 year fixed rate loan program (conforming, 1 point), 20 year fixed 3.875% (conforming, 1 point) and on the 15 year as low as 3.50% (conforming, 1.25 points).  As mentioned the 10y yield started off the day at the 2.65% level and the FNMA 30y 3.5  coupon started off the day at the 101.32 level.

Call us today for a no cost – no obligation quote at 1-800-550-5538.  We offer industry low mortgage rates and have a top rating with the Better Business Bureau and the Business Consumers Alliance.